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# The Global Intelligence Files

On Monday February 27th, 2012, WikiLeaks began publishing The Global Intelligence Files, over five million e-mails from the Texas headquartered "global intelligence" company Stratfor. The e-mails date between July 2004 and late December 2011. They reveal the inner workings of a company that fronts as an intelligence publisher, but provides confidential intelligence services to large corporations, such as Bhopal's Dow Chemical Co., Lockheed Martin, Northrop Grumman, Raytheon and government agencies, including the US Department of Homeland Security, the US Marines and the US Defence Intelligence Agency. The emails show Stratfor's web of informers, pay-off structure, payment laundering techniques and psychological methods.

## STRATFOR India Country Brief - May 9, 2011

Released on 2012-08-11 09:00 GMT

Email-ID | 5328404
Date | 2011-05-09 16:35:44
From | Anya.Alfano@stratfor.com
To | fred.burton@stratfor.com, Declan_O'Donovan@dell.com, John_McClurg@DELL.com

Basic Political Developments
o Senior Bharatiya Janata Party (BJP) leader Rajnath Singh has been
arrested while trying to enter Bhatta Parsaul village.
o Congress today hit out at the Uttar Pradesh government saying
Mayawati's "greed" was responsible for the violence concerning land
acquisition agitations in Noida.
o Uttar Pradesh Congress Committee has released the list of its state
executive after an approval of party President Sonia Gandhi.
o Shiv Sena supremo Bal Thackeray today said an electoral alliance with
Republican Party of India (RPI) will be formed soon.
o The Supreme Court today dubbed as "strange" the Allahabad High Court's
verdict of three-way division of the disputed Ram Janmabhoomi-Babri
Masjid site in Ayodhya and stayed its operation.
National Economic Trends
Business, Energy or Environmental regulations or discussions
o Bharat Forge Limited through its wholly owned subsidiary 'BF
Infrastructure Ventures Limited', today entered into a Joint Venture
with David Brown Systems India (Holdings) Ltd.
o The Tata group had said Tata Motors was "at a very high stage" in
finalising a production site for its small car Nano at an overseas
location.
o The Food Ministry has issued export orders for nearly 92,000 tonnes of
sugar to mills till last week.
o Temasek Holdings has decided to drop its plans to buy private equity
major TPG Capital's stake in India's largest commercial vehicle
financing company Shriram Transport Finance.
o Welspun Corp today said it has bagged orders worth Rs 788 crore for
plates, coating and other line pipe items.
o Foreign luxury cars will turn more expensive in India as global auto
majors plan to raise prices following an increase in tax on locally
assembled cars.
o Industry body Assocham today urged government not to levy the proposed
5 per cent countervailing duty (CVD) on coal would shoot power tariff.
o Aditya Birla today said it has launched an innovative systematic
accumulation plan to invest in gold.
o The government has decided to conduct an assessment of the impact of
GDP growth on ecology using Green Accounting System and the process
will be completed by 2015.
o Etisalat today inked a pact with Indian IT company HCL Technologies to
cooperate on and explore collaborative opportunities for offering
information and communication technology (ICT) services to customers.
o FMCG firm Jyothy Laboratories Ltd (JLL) today offered to acquire up to
20 per cent more stake in Henkel India in an open offer value at
around Rs 96 crore.
o State-run Power Finance Corporation is exploring opportunities for a
formal entry into banking services.
Activity in the Oil and Gas sector (including regulatory)
o Reliance Industries today cut natural gas supplies to non-core users
like refineries and steel plants so that full demand of fertiliser and
power plants can be met.
Militant Activity/Terrorism (Particularly in Bangalore, Mumbai, Noida, Chennai,
Coimbatore)
o Jammu and Kashmir Chief Minister Omar Abdullah on Monday said that the
state government had received nearly 700 applications from local
militants in Pakistan-occupied Kashmir who want to renounce violence
and join the mainstream.
o Madhya Pradesh police have tightened security arrangements following
an intelligence input that militants may target the two IPL matches to
be played at Holkar Stadium in Indore next week.
o Maoists ransacked and looted a police constable's house here
threatening him with dire consequences if he did not leave his job.
o The pro-talk ULFA faction is deliberating on the charter of demands to
be taken up during its peace talks with the Centre.
o Six persons have been arrested for allegedly providing sim cards to
militants in Poonch district of Jammu and Kashmir.
o Four tractors were set on fire by CPI (Maoists) today at Sohdag
village in naxal-hit Palamu district, during the 24-hour Jharkhand
bandh in protest against the arrest of their three leaders in Bihar
recently.
Labor/Social Unrest
o Tension today prevailed in parts of western UP hit by farmers' unrest
over land acquisition and political leaders were detained preventing
them from reaching the troubled spots.
Full Text
Basic Political Developments
Greater Noida farmers' protests: BJP leader Rajnath Singh arrested
http://www.newkerala.com/news/world/fullnews-205332.html
Noida, May 9 : Senior Bharatiya Janata Party (BJP) leader Rajnath Singh,
who was on his way to Greater Noida today to meet the protesting farmers,
has been arrested while trying to enter Bhatta Parsaul village.
"If I were Mayawati (UP chief Minister), I would have resigned by now,"
Singh said.
"We want the land acquisition act to be debated in Parliament. Till then,
land should not be acquired forcefully. Parliament should debate this act
in the Monsoon Session," he added
The BJP is observing a "Black Day" in Uttar Pradesh today in protest
against a police crackdown on farmers in Bhatta Parsaul village
"A Black Day would be observed at all district headquarters from Greater
Noida to Agra to protest against the use of brutal force by the state
government to suppress the agitation and, against its dictatorial approach
and anti-farmer policies," said state BJP chief Surya Pratap Shahi in a
statement.
So far, four farmers'''' have died during the protest.
Meanwhile, Uttar Pradesh Police has announced a reward of Rs 50,000 for
Manvir Singh Tevatia, the leader of the agitation in Greater Noida.
Authorities have turned the Bhatta Parsaul village into a fortress and
prohibitory orders under Section 144 CrPC have been clamped in the
district.
Bhatta Parsaul village turned into a battlefield on Saturday, resulting in
the death of two Provincial Armed Constabulary personnel and one villager.
Several others were also injured in the same incident, when a clash broke
out between farmers and the police.
District Magistrate (DM) Deepak Aggarwal and Gautam Buddh Nagar Senior
Superintendent of Police (SSP) were grievously injured in the incident on
Saturday along with scores of others.
The farmers have been agitating since January 2011 demanding higher
compensation for their lands acquired by the state government.
Their demand is that only half their lands should be acquired, while the
rest should be handed over to the farmers after development.
They also want 25 percent reservation for farmers in all schemes of Noida,
Greater Noida and Yamuna Expressway.
The farmers have also been demanding that the authorities should give 120
square metre plots to landless farmers and a compensation of Rs. 5,00,000
for each acre of acquired land.
Farmers' unrest in Noida: Cong demands judicial probe
http://www.ptinews.com/news/1577697_Farmers--unrest-in-Noida--Cong-demands-judicial-probe-
New Delhi, May 9 (PTI) Congress today hit out at the Uttar Pradesh
government saying Mayawati's "greed" was responsible for the violence
concerning land acquisition agitations in Noida and demanded a judicial
enquiry into the entire episode.
"Mayawati government has been extremely insensitive to the cause of
farmers and the poor in recent years. Instead of talking to farmers and
taking them into confidence, it has been taking violent action against the
agitating farmers. We demand a judicial inquiry into the incident.
"The greed of Mayawati has overtaken her sensible decisions. The whole
government is up for grabs for those who have money to spend and who have
capacity to fill the personal coffers of the chief minister," AICC general
secretary Digvijay Singh told reporters here.
UP Congress declares state executive list
http://www.ptinews.com/news/1577430_UP-Congress-declares-state-executive-list
Lucknow, May 9 (PTI) Uttar Pradesh Congress Committee has released the
list of its state executive after an approval of party President Sonia
Gandhi, party sources said here today.
There would be six vice-presidents--Surendra Goel, Sayedujama, Virendra
Nath Pandey, Ranjit Singh Judeo, Vijay Pasi and Ganesh Shankar Pandey,
they said.
S C Maheshwari has been made the treasurer of the Uttar Pradesh Congress
Committee (UPCC) besides there are 45 executive members and 16 special
invitees.
The party would soon appoint general secretaries among the executive
members, they said.
Shiv Sena to tie up with RPI soon: Bal Thackeray
http://www.ptinews.com/news/1578059_Shiv-Sena-to-tie-up-with-RPI-soon--Bal-Thackeray
Mumbai, May 9 (PTI) Shiv Sena supremo Bal Thackeray today said an
electoral alliance with Republican Party of India (RPI) will be formed
soon.
He however refrained from announcing the exact date of alliance between
'Shiv Shakti' and 'Bhim Shakti' (Dalits, who form RPI's support base).
"There is no need to worry about our (Shiv Sena-BJP's) alliance with RPI,
as it will materialise soon", Thackeray told reporters after meeting Dalit
leader and former RPI MP Ramdas Athawale at Thackerays' residence
'Matoshree' in suburban Bandra here.
His son and Sena executive president Uddhav Thackeray, and a few other
Dalit leaders too were present.
The meeting assumes significance as the high-profile elections to
BrihanMumbai Municipal Corporation (BMC) are just nine months away.
SC stays verdict on Ayodhya title suit, termed it "strange"
http://www.ptinews.com/news/1577745_SC-stays-verdict-on-Ayodhya-title-suit--termed-it--strange-
New Delhi, May 9 (PTI) Dubbing as "strange" the Allahabad High Court's
verdict of three-way division of the disputed Ram Janmabhoomi-Babri Masjid
site in Ayodhya, the Supreme Court today stayed its operation saying none
of the parties had demanded partition of the land.
"A new dimension was given by the High Court as the decree of partition
was not sought by the parties. It was not prayed by anyone. It has to be
stayed. It's a strange order," a Bench of Justice Aftab Alam and Justice R
M Lodha observed while staying the September 30 order of the High Court.
It expressed surprise over how the High Court could pass such an order
when it was not prayed by anyone.
"How can a decree of partition be passed when none of the parties had
prayed for it. Court has done something on its own. It's strange.
National Economic Trends
Business, Energy or Environmental regulations or discussions
Bharat Forge enters into JV with David Brown Systems
http://www.newkerala.com/news/world/fullnews-205445.html
Mumbai, May 9 : Bharat Forge Limited, a global leader in manufacturing
automotive components, through its wholly owned subsidiary 'BF
Infrastructure Ventures Limited', today entered into a Joint Venture with
David Brown Systems India (Holdings) Ltd.
The Shareholders Agreement was signed by Mr Jim McColl OBE, Chairman of
David Brown, and Subodh Tandale, Authorised Signatory and Director, Bharat
Forge.
David Brown is a global leader in the gearbox and transmissions markets.
The JV Company will serve the Indian Conventional Power, Wind, Rail,
Cement, Metals, Rubber, Mining, Hydro and Defence.
It will be named 'David Brown Bharat Forge Gear Systems India Limited' and
will serve the Indian heavy engineering industry, supplying both new build
gearboxes and comprehensive aftermarket services to high growth, high
demand sectors including power, mining, defence, wind, rail and steel.
The JV Company intends to set-up two service centres in Bangalore and
Kolkata by the end of 2011 and additional locations for service centres in
Delhi and Hyderabad are being planned by the end of 2013.
These service centres will be designed to world class standards, providing
rapid aftermarket service and support to key industries, a release issued
by the company said.
Tata Motors starts sending Nano to overseas markets
http://www.thehindu.com/business/article2003480.ece
The Tata group had said Tata Motors was "at a very high stage" in
finalising a production site for its small car Nano at an overseas
location, which could be either in Latin America, South East Asia or
Africa.
Tata Motors has started sending its small car Nano to overseas markets,
with shipment of 498 units in April this year and a formal announcement of
starting exports of the `people's car' is expected soon.
According to figures released by Society of Indian Automobile
Manufacturers (SIAM) today, Tata Motors exported 498 units last month as
compared to just a single unit in the corresponding month last year.
When contacted, the company, however, declined to share details such as
which are the countries where Nanos have been despatched in last month.
"We will make an announcement regarding exports of Nano very shortly," a
Tata Motors spokesperson told PTI.
Without identifying a timeline to share the details, the official further
said: "For various reasons, we need to send out the cars."
Last month, the Tata group had said Tata Motors was "at a very high stage"
in finalising a production site for its small car Nano at an overseas
location, which could be either in Latin America, South East Asia or
Africa.
"The work is at a very high stage," Tata Industries Managing Director
Kishor A Chaukar had said when asked about a time-line to produce Nano in
any of the overseas locations.
He had said that the automobile major was exploring various options at
different places and looking at uninterrupted supply chain for the
components.
Tata Motors is looking at various regions such as Latin America, South
East Asia and Africa. "We are looking at any of these possibilities,"
Chaukar had said.
Apart from considering land building facilities availability, Tata Motors
is looking at supply chain availability and at the accessibilities of
markets.
Besides, the company was exploring possibilities in different neighbouring
nations such as Nepal.
In June, 2010, Tata Motors' distributor in Nepal, Sipradi Trading Chief
Executive Officer Shambhu Prasad Dahal had said his company would import
five Nano cars as a test drive in the first lot by July last year.
He, however, had said the price of Nano could touch NPR 700,000 (about Rs
4.5 lakh) because of the 300 per cent customs duty in the Himalayan
Kingdom.
Nano, touted as the world's cheapest car, is now produced at Sanand in
Gujarat for the Indian market after initially producing at Pantnagar in
Uttarakhand.
In 2009, Tata Motors unveiled the European version of Nano - Nano Europa -
at the 79th Geneva Motor Show.
The company was expected to launch the car in Europe by 2011. The version
in Europe is said to have airbags, central locking and would be Euro V
emission norms compliant.
Although Tata Motors did not reveal any price tag for the Nano Europa,
British media had predicted a price of over USD 6,000. The Indian edition
of the car hit the roads in 2009 for about USD 2,500.
Tata Sons Chairman Ratan Tata had said that the European version of the
Nano would come with airbags and other high-end features, "but it will
still be a low-cost car".
Govt issues export release orders for 91,685 tns of sugar
http://www.ptinews.com/news/1577236_Govt-issues-export-release-orders-for-91-685-tns-of-sugar-
New Delhi, May 9 (PTI) The Food Ministry has issued export orders for
nearly 92,000 tonnes of sugar to mills till last week out of the total
quantity of five lakh tonnes that the government has allowed for outbound
shipment.
Sugar mills cannot export their produce without a release order from the
Food Ministry.
On March 22, an Empowered Group of Ministers (EGoM) on Food headed by
Finance Minister Pranab Mukherjee had allowed mills to export 5 lakh
tonnes of sugar under an Open General Licence (OGL), which do not entail
any restrictions.
The decision was notified on April 19. Out of five lakh tonnes, 51,500
tonnes was reserved for neighbouring countries.
The remaining quantity was allocated between the mills on the basis of
their average production over the last three years.
According to the latest data, the ministry has issued export release
orders for 91,685.
Temasek Holdings will not buy TPG Stake in Shriram Transport Finance
http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/temasek-holdings-will-not-buy-tpg-stake-in-shriram-transport-finance/articleshow/8202728.cms
MUMBAI: Singapore state investment fund Temasek Holdings has decided to
drop its plans to buy private equity major TPG Capital's stake in India's
largest commercial vehicle financing company Shriram Transport Finance ,
two people familiar with the matter told ET.
"Temasek, after evaluating the company (Shriram Transport), has taken a
call not to go ahead with the stake buy," said a person with direct
knowledge of the deal. Shriram Transport and TPG were not available for
comment.
Temasek's decision comes in the wake of the Reserve Bank of India's move
to take away priority sector lending status for nonbanking finance
companies. The removal of priority lending status is likely to increase
cost of funds for NBFCs and dent net interest margin.
Priority lending enabled NBFCs to get fund from banks at a discount to
market rates. NBFCs borrowed more than 50% from banks in 2010-11 compared
with just 14% in 2009-10 . In the past one year, the central bank has
taken various measures to tighten regulations for NBFCs to bring them at
par with regular banks.
TPG, which holds 20% stake valued at Rs 3,000 crore in Shriram Transport,
was in talks with Temasek to offload part of its holding . The PE major is
also in talks with other sovereign wealth funds, including Government of
Singapore Investment Corporation to sell its stake in the NBFC.
TPG wants to exit Shriram Transport and invest in other businesses of
Shriram Group . It is planning to invest Rs 450 crore in Shriram
Properties. It already owns 49% in Shriram Retail Private Holdings and 28%
in Shriram City Union Finance.
Welspun bags line pipe orders worth Rs 788 crore
http://www.ptinews.com/news/1577269_Welspun-bags-line-pipe-orders-worth-Rs-788-crore-
Mumbai, May 9 (PTI) Welspun Corp, the flagship company of the Welspun
Group, today said it has bagged orders worth Rs 788 crore for plates,
coating and other line pipe items.
"With these orders, the current order book of the company stands at Rs
6,941 crore," the company said in a filing to the Bombay Stock Exchange.
Commenting on the order, Welspun Chairman B K Goenka said, "With the oil
and gas sector showing signs of revival, the market is looking bullish. We
are positive that with our technical expertise, coupled with global reach,
the company will delivery high quality products and services to our
customer."
Welspun Corporation is among the largest line pipe companies in the world
and has a manufacturing capacity of 2 million tonnes per annum at Dahej,
in Gujarat. The company also has manufacturing facilities in the United
States of America and Saudi Arabia.
Mercedes, BMW, Audi, Land Rover, Renault to raise prices by up to Rs 10
lakh
http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/mercedes-bmw-audi-land-rover-renault-to-raise-prices-by-up-to-rs-10-lakh/articleshow/8201765.cms
NEW DELHI: Car lovers in India, looking for a touch of luxury, will soon
have to shell out more to drive home their cherished premium
four-wheelers. Foreign luxury cars will turn more expensive in India as
global auto majors plan to raise prices following an increase in tax on
locally assembled cars.
Mercedes, BMW, Audi, Land Rover and Renault will soon raise prices of cars
assembled in India by up to Rs 10 lakh to pass on the cost increase due to
higher tax to customers. The Indian government recently raised customs
duty on foreign luxury cars that are assembled in local facilities to 30%
from 10%.
"We are looking at increasing prices for one of our major models in the
next few weeks. We would be paying high tax on one of our cars with a high
proportion of pre-assembled components. The new policy regulation has
forced us to bring in new prices soon," said Peter Honegg, chief executive
officer and managing director, Mercedes Benz India .
The company plans to raise prices of its top-end S class sedan by up to Rs
Rs 8 lakh. The S class sedan falls in the price range of Rs 84.3 lakh to
more than 1 crore. The new lot of S class sedans produced in April will
reach the showrooms in 4-6 weeks and will carry a revised price tag, he
said. The company is assessing the quantum of price increase keeping in
mind the higher duty.
Audi, BMW, and Land Rover, will also increase prices of its luxury cars
assembled in India, company executives said. These cars are in the price
range of Rs 30-90 lakh.
The increase in tax will hit premium car sales in India, industry experts
said. Luxury car sales doubled to 15,000 in fiscal 2010-11 from a year
earlier driven by rising incomes and easy financing. The nominal customs
duty on luxury cars enabled competitive pricing.
"We are studying the government policy and will take appropriate decisions
to amend our production strategy suitably," said Michael Pershke, chief
executive officer, Audi India . The German luxury carmaker's A4 and A6
sedans and sports utility vehicle Q5 may incur 30% tax.
French carmaker Renault is likely to increase prices of its sedan Fluence
by up to Rs 2 lakh, a company executive said. Fluence will be launched in
India later this month from its Chennai facility. "We are also in line
with the auto industry in the higher tax bracket of 30% that will be
reflected in our price line," said a company spokesperson.
Land Rover's sports utility vehicle Freelander 2, recently launched in
India and expected to compete with BMW X1 on pricing, will also come under
the revised tax structure. The Freelander, assembled at parent company
Tata Motors's facility in Pune, will cost Rs 3-5 lakh more than the
originally envisaged price tag.
Proposed 5 pc duty on coal to impact power tariff'
http://www.ptinews.com/news/1577371_-Proposed-5-pc-duty-on-coal-to-impact-power-tariff-
New Delhi, May 9 (PTI) Fearing the proposed 5 per cent countervailing duty
(CVD) on coal would shoot power tariff, industry body Assocham today urged
government not to levy it.
Nearly two-third of power generation in the country is coal based and any
such step would lead to an increase in power tariff by 13 paise per unit,
it said.
"A further imposition of countervailing duty at 5 per cent will not only
make imported coal-based power plants unviable, but also lead to a steep
rise in power tariff," Assocham Secretary General D S Rawat said in a
letter to Finance Minister Pranab Mukherjee.
Countervailing duty (CVD), also known as anti-subsidy duty, is an import
duty imposed to neutralise the negative effects of subsidies. At present
there is a 5 per cent custom duty on non-coking coal.
Aditya Birla Money launches Gold Harvest scheme
http://www.ptinews.com/news/1577658_Aditya-Birla-Money-launches-Gold-Harvest-scheme-
Mumbai, May 9 (PTI) Aditya Birla Money, the broking, distribution and
wealth management arm of Aditya Birla Financial Services Group, today said
it has launched an innovative systematic accumulation plan to invest in
gold.
The Gold Harvest scheme offers investors a way to invest in gold, through
which they can accumulate 1 kg of the precious metal by paying an initial
upfront margin of Rs 3 lakh and the balance in monthly payments spread
over 12 to 36 months, the company said in a release.
"From about Rs 9,000 in 2009 to over Rs 22,000 in 2011, gold prices have
more than doubled. Gold Harvest is an innovative product to enable
customers to easily and systematically accumulate 1 kg gold, the company's
Managing Director Sudhakar Ramasubramanian said.
ICICI only Indian firm on top 100 global brands list
http://www.ptinews.com/news/1577692_ICICI-only-Indian-firm-on-top-100-global-brands-list-
New York, May 9 (PTI) Software giant Apple has emerged as the world's most
valuable brand surpassing search engine major Google, while ICICI Bank is
the lone Indian company to feature in the list of top 100 global brands.
With a brand value of USD 14.9 billion, India's largest private sector
lender ICICI Bank is ranked at the 53rd position in the league of world's
100 most valuable brands compiled by global brands agency Millward Brown.
This is the second straight appearance for ICICI bank in annual BrandZ
study.
Interestingly, the report said that with a rise of 27 per cent in brand
value to USD 8.2 billion, India's Infosys was one of the most valuable
technology brands in the world and is expected to soon rank among the top
100 most valuable global brands across all sectors.
The iPhone maker's brand is valued at USD 153.
Govt to assess whether economic growth is hurting environment
http://www.ptinews.com/news/1577837_Govt-to-assess-whether-economic-growth-is-hurting-environment-
New Delhi, May 9 (PTI) Amid a debate over economic growth verses
environment, the government has decided to conduct an assessment of the
impact of GDP growth on ecology using Green Accounting System and the
process will be completed by 2015.
The government will soon set up of an expert group headed by environmental
economist Partha Dasgupta to provide a road map for Green National
Accounting (GNA) system to evaluate impact of economic growth on
environment by 2015, Environment Minister Jairam Ramesh told reporter here
today.
The expert group would be set up jointly by the Planning Commission and
Enviroment Ministry.
The GNA would help government bringing out gross domestic product (GDP)
growth data co-relating it with impact on the enviroment.
"This expert group will provide a road map for 'green' National
Accounts...
Etisalat and HCL Technologies sign pact for ICT service
http://economictimes.indiatimes.com/tech/hardware/etisalat-and-hcl-technologies-sign-pact-for-ict-service/articleshow/8206000.cms
DUBAI: UAE-based telecom company Etisalat today inked a pact with Indian
IT company HCL Technologies to cooperate on and explore collaborative
opportunities for offering information and communication technology (ICT)
services to customers.
As per the Memorandum of Understanding (MoU), Etisalat and HCL
Technologies will work together to explore the possibility of
collaboration on offering joint ICT solutions to business customers in the
areas of mobility, cloud computing and advanced ICT services.
"Through this intellectual capital-driven association, Etisalat endeavors
to provide a differentiated user experience to its customers while
reducing complexity and cost," said Etilsalat's Senior Vice-President,
Business Solutions, Abdulla Hashim, in a statement.
The collaboration between HCL Technologies and Etisalat comes at a time
when IT solutions are increasingly taking centre stage in organisational
business plans to jumpstart growth, enhance productivity and optimise
efficiency in line with renewed economic growth in the UAE, the statement
said.
"Given our respective strengths, we will be introducing a range of
innovative services for enterprises to cement UAE's position as one of the
most advanced nations in terms of telecom and ICT services in the region,"
said HCL Technologies President, Asia-Pacific and Middle East Asia,
Virender Aggarwal.
Jyothy offers to buy 20% more in Henkel India at Rs 41.20/shar
http://economictimes.indiatimes.com/news/news-by-industry/cons-products/fmcg/jyothy-offers-to-buy-20-more-in-henkel-india-at-rs-4120/shar/articleshow/8206424.cms
NEW DELHI: FMCG firm Jyothy Laboratories Ltd (JLL) today offered to
acquire up to 20 per cent more stake in Henkel India in an open offer
value at around Rs 96 crore.
The open offer, to acquire up to 2.32 crore shares at Rs 41.20 per share,
would start on June 24 and end on July 14, the firm said in a public
announcement.
Last week, Jyothy Laboratories that makes the 'Ujala' fabric wash said it
would acquire 50.97 per cent stake in Henkel India Ltd (HIL) from
Germany-based Henkel AG &amp; Co for Rs 118.7 crore.
Last month, JLL had bought 14.9 per cent stake in HIL from the Indian
promoter Tamilnadu Petroproducts Ltd.
If the 20 per cent open offer is fully subscribed, JLL will own 85.87 per
cent in Henkel India.
Buoyed by the move, shares of Henkel India jumped by 4.97 per cent to hit
an upper limit of Rs 36.95 on the BSE.
PFC eyes foray into banking services
http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/pfc-eyes-foray-into-banking-services/articleshow/8206338.cms
CHENNAI: State-run Power Finance Corporation is exploring opportunities
for a formal entry into banking services, a senior company official said
today.
"We are exploring opportunities to get into banking (services)", Power
Finance Corporation Director (Finance) R Nagarajan told reporters here.
The company will be appointing a consultant to study the feasibility of
foraying into banking services and would decide on a plan based on the
report.
"We are appointing a consultant to suggest whether we can put equity...,"
he said.
Also, the company is yet to get "clearances" from the Ministry of Power
for making equity investments in both private and public sector power
projects.
"So far we have not made any equity investments. Currently, we are waiting
for the Ministry of Power for its clearance", he added.
Nagarajan and other company officials were here to announce their FPO to
raise funds to the tune of Rs 4,700 crore at the upper end of the band and
Rs 4,400 crore at the lower end of the price band.
The price band is fixed between Rs 193 and Rs 203 per equity share, he
said.
The FPO, which opens tomorrow and close on May 13, comprises fresh issue
of 17.21 crore equities.
The government holds about 89 per cent stake in PFC, after divesting 10
per cent through an initial public offering in March 2007.
Activity in the Oil and Gas sector (including regulatory)
Reliance Industries cuts natural gas supplies to non-core users
http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/reliance-industries-cuts-natural-gas-supplies-to-non-core-users/articleshow/8206343.cms
NEW DELHI: Falling in line with an oil ministry order, Reliance Industries
today cut natural gas supplies to non-core users like refineries and steel
plants so that full demand of fertiliser and power plants can be met.
Reliance from 0600 hours today started implementing the ministry's
priority allocation order which had asked it to first supply natural gas
from its eastern offshore KG-D6 fields to priority sector like urea-making
units and power plants.
Supplies to non-core refineries, petrochemical units and sponge iron
plants will be made only if there are any volumes left after supplies to
priority sector.
"Reliance this morning curtailed gas supplies to non-core users, including
its own refineries and petrochemical plant," an industry official said.
The oil ministry directive followed a sharp drop in output at KG-D6
fields. Production fell from 61.5 million standard cubic meters per day
achieved in March, 2010 to under 50 mmscmd currently, instead of rising to
about 69 mmscmd as was projected previously.
When contacted, a Reliance spokesperson did not offer any comments.
Output at KG-D6, the nation's largest gas field, is just enough to meet
the contracted demand of fertiliser units, power plants, LPG extraction
units and city gas distribution firms that sell CNG to automobiles and
piped cooking gas to households.
In face of falling output, Reliance had made a pro-rata cut in supplies of
all its customers including priority users, the official said.
Of the 57.17 mmscmd of KG-D6 gas for which contracts have been signed,
9.57 mmscmd has been cornered by steel, petrochemical and refineries
sector.
Essar Steel has signed up for 3.2 mmscmd, Welspun Maxsteel 0.40 mmscmd and
Ispat 0.59 mmscmd. Besides, Reliance's petrochemical plant gets 1.17
mmscmd and a sizeable 4.21 mmscmd goes to refineries including the
Jamnagar units of Reliance.
"Supplies to non-core users has not dried up completely as Reliance has
some gas left after meeting priority sector requirement," the official
said pointing to Essar Steel getting 0.6 mmscmd today against 2.8 mmscmd
that it was drawing till yesterday.
Reliance had previously resisted implementing the order but fell in line
once the ministry cited last year's Supreme Court directive that held that
only government had the right to decide users of the gas.
Welspun Maxsteel and Ispat last week approached the Bombay High Court
seeking a stay on the ministry order, while Essar has approached the Delhi
High Court. None of the courts have so far stayed the order.
Militant Activity/Terrorism (Particularly in Bangalore, Mumbai, Noida, Chennai,
Coimbatore)
700 militants want to lay down arms: JK CM
http://www.rediff.com/news/report/militants-want-to-lay-down-arms-jk-cm/20110509.htm
May 09, 2011 12:16 IST
Jammu and Kashmir Chief Minister Omar Abdullah on Monday said that the
state government had received nearly 700 applications from local militants
in Pakistan-occupied Kashmir who want to renounce violence and join the
mainstream.
"The response to the rehabilitation policy (for militants in PoK) has been
better than expected. We have received 600 to 700 applications," Omar told
media persons in Srinagar.
Out of the total applications received, 125 have been cleared by
authorities for the militants to return to the state, he said.
"The information will be passed to their (militants') families now on how
they can come back," Omar said.
The Centre had last year approved the rehabilitation policy formed by the
Omar-led government for return of the youth who had gone for arms training
to PoK but wanted to renounce violence and return home.
An estimated 1,300 youths from various parts of the state are in PoK and
most of them have expressed their desire to return.
Intelligence warns of terror threat during IPL matches in Indore
http://www.thehindu.com/news/national/article2003806.ece
Madhya Pradesh police have tightened security arrangements following an
intelligence input that militants may target the two IPL matches to be
played at Holkar Stadium in Indore next week.
"We have got a generalised advisory from Home Ministry that some terror
group might become active during the IPL matches," said Indore Range's
Inspector General, Sanjay Rana.
"We are taking all the measures to ensure peaceful conduct of the
matches," he added.
Mr. Rana, however, denied any terrorist group had threatened to attack
during the matches so far.
He said the police intelligence wing had swung into action and was
gathering information.
Around 2,000 policeman, some of them in plain clothes, will man the
stadium security. Bomb disposal squad and sniffer dogs too will be
available.
Indore has witnessed some activity of the banned Students Islamic Movement
of India (SIMI) in the past.
Mr. Rana said the State ATS was keeping an eye on people suspected to have
links with SIMI and Indian Mujahideen, as well as the members of these two
organisations in jail.
IPL matches are being played in Madhya Pradesh for the first time. Kochi
Tuskers will play against Kings XI Punjab on May 13, and Rajasthan Royals
on May 15 here.
Maoists ransack constable's house in Orissa
http://www.ptinews.com/news/1577222_Maoists-ransack-constable-s-house-in-Orissa-
Malkangiri (Orissa), May 9 (PTI) Maoists ransacked and looted a police
constable's house here threatening him with dire consequences if he did
not leave his job, police said today.
Over 100 armed ultras, including women, raided the house of Sukra Madhi at
Gagrimetla village, about 30 km from here, last night and threatened his
family members with dire consequence unless he quit the police job, they
said.
"Ask Sukra to quit the job or else leave the village at once", the ultras
were quoted as saying.
They decamped with all the household belongings, including electronic
gadgets and food grains. They did not spare even cattle and took away the
cow, bullocks and goat before razing the house to the ground, Malkangiri
SP Aniruddha Singh said.
On facing protest by Madhi's wife and others, the ultras thrashed them and
fled the scene shouting slogans, he said.
ULFA discusses charter of demands for peace talks
http://www.ptinews.com/news/1577474_ULFA-discusses-charter-of-demands-for-peace-talks-
Nalbari, May 9 (PTI) The pro-talk ULFA faction, led by Arabinda Rajkhowa,
is deliberating on the charter of demands to be taken up during its peace
talks with the Centre.
A closed-door meeting of the outfit's executive body at Helasa in Nalbari
district since yesterday studied the proposals, handed over to them by
Sanmilita Jatiya Abhibartan (SJA), a group of intellectuals to facilitate
talks, a top ULFA leader said today.
The meeting will also discuss issues raised by SJA, reflecting aspirations
of the Assamese people, before submitting its own charter of demands to
the Centre, the leader said.
The SJA charter demands constitutional amendments to give Assam greater
control over their natural resources, revenue generation, participation in
the planning process, ensuring a secure demographic situation, besides
accelerated and balanced development.
Six arrested for providing sim cards to militants
http://www.ptinews.com/news/1577015_Six-arrested-for-providing-sim-cards-to-militants
Jammu, May 9 (PTI) Six persons, including two brothers, have been arrested
for allegedly providing sim cards to militants in Poonch district of Jammu
and Kashmir, police said here today.
Acting on specific inputs that a group of people are working as couriers
for militants by providing them mobile sim cards, a police team raided
several places in Surankote and Mendhar areas and arrested six persons
here yesterday, Sub-Divisional Police Officer, Surankote, Javaid Iqbal
said.
The arrested persons have been identified as Waqar Ahmed and Pawar Ahmed
(both brothers), Arshad Ahmed, Imran Ahmed, Khalid Quarishi and Tahir
Khan.
Maoists torch 4 tractors during Jharkhand bandh
http://www.ptinews.com/news/1577634_Maoists-torch-4-tractors-during-Jharkhand-bandh
Medininagar (Jharkhand), May 9 (PTI) Four tractors were set on fire by CPI
(Maoists) today at Sohdag village in naxal-hit Palamu district, during the
24-hour Jharkhand bandh in protest against the arrest of their three
leaders in Bihar recently.
Maoists asked the occupants of the tractors to vacate before setting them
ablaze, Police Superintendent A T Mathew said.
The tractors were engaged in road construction under Rural development
scheme of the government.
Meanwhile, security personnel have launched a massive search operation to
track the culprits and sealed the borders with Aurangabad (Bihar), he
added.
Labor/Social Unrest
Situation in violence-hit areas tense; leaders detained
http://www.ptinews.com/news/1577030_Situation-in-violence-hit-areas-tense--leaders-detained
Greater Noida, May 9 (PTI) Tension today prevailed in parts of western UP
hit by farmers' unrest over land acquisition even as a heavy police
deployment was made in the affected areas and political leaders were
detained preventing them from reaching the troubled spots.
BJP leader Rajnath Singh and SP leaders Shivpal Singh Yadav and Mohan
Singh were detained by police along with their supporters when they tried
to proceed towards Greater Noida where prohibitory orders have been
clamped following Saturday's violence.
Terming the Mayawati government as being "anti-farmer", the SP leaders
alleged that it was buying land at cheaper rates from farmers and selling
them to private developers at high premiums. They demanded a judicial
inquiry into the firing incident in Bhatta village in Greater Noida where
two policemen and two farmers have died.